What is required to be a Full Time Trader | Part 1 | Stock Market | The Hedge Trader

Описание: Objective
Check yourself, what is the objective of trading ? and why do you want to become a trader?
Are you influenced by the people who are earning so much by watching YouTube? or by listening to your friends who are trading?
Are you looking for quick returns ? or fantasy to earn fast, shortcut for finding easy money?
Do you want to be financially independent at a young age?
Feels More attractive? Lucrative but in reality it's not,
Since, to say, This is most painful profession, as success rate is 1% as 99% day traders (The CEO of Zerodha, Nitin Kamath, has publicly shared that over a period of 1 year, over 99% of the traders lose money) fail to make money, need to be very patient and discipline and not get disheartened when u not making profits, follow the process, you will get the right results, will explain i subsequent slides about key attributes for a trader
Need to work with passion and hard work to be successful, in short, you might earn quickly, but if you want to make it a career you need to follow the process and stay calm

Financial Stability
What is the financial support to meet up any liabilities?
Any trader what to take up trading as career, make sure you have good amount of savings in your account, as per your requirements like loans, others expenses, so if something doesn't work in trading you can meet up expenses during these years.
You might ask? Do we really need saving amount, Yes, unless you don't have savings at least for an year, better not to risk in stock market, get savings, meantime you can start doing paper trading and get all the required skill in parallel, once you are confident and have savings to meet your expenses, then you can quit and start trading full time.
I also personally suggest first, start as an investor, keep building your portfolio, as I mentioned once you have the savings ready for next 1 yr to meet up monthly expenses, then you can add your portfolio as collateral and with some cash you can start trading.
Now, just check do you have financial support ? if Yes, then you are good to go

Link: 99% Lose money over period of 1 year..: Zerotha CEO Nitin Kamath
https://www.vrdnation.com/chapter/why...